
Crude Oil Cracks, Gold Glitters, USD/JPY Drifts as Soft US Data Hammers Yields
US PPI fell 0.5% vs 0.2% gain expected—biggest drop in over a year Retail control group and factory output also undershot forecasts Yields dropped sharply; markets priced in two Fed cuts by year-end Crude slumped on Iran nuclear deal talk Gold bounced off …